Worksport Stock Performance
| WKSP Stock | USD 0.35 0.02 5.41% |
The firm maintains a market beta of 0.32, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, Worksport's returns are expected to increase less than the market. However, during the bear market, the loss of holding Worksport is expected to be smaller as well. At this point, Worksport has a negative expected return of -1.2%. Please make sure to check out Worksport's value at risk and rate of daily change , to decide if Worksport performance from the past will be repeated at some point in the near future.
Risk-Adjusted Performance
Very Weak
Weak | Strong |
Over the last 90 days Worksport has generated negative risk-adjusted returns adding no value to investors with long positions. Even with weak performance in the last few months, the Stock's basic indicators remain relatively invariable which may send shares a bit higher in April 2025. The latest agitation may also be a sign of long-running up-swing for the enterprise retail investors. ...more
| Begin Period Cash Flow | 14.6 M |
Worksport |
Worksport Relative Risk vs. Return Landscape
If you would invest 84.00 in Worksport on December 18, 2024 and sell it today you would lose (49.00) from holding Worksport or give up 58.33% of portfolio value over 90 days. Worksport is currently does not generate positive expected returns and assumes 7.1095% risk (volatility on return distribution) over the 90 days horizon. In different words, 63% of stocks are less volatile than Worksport, and 99% of all traded equity instruments are projected to make higher returns than the company over the 90 days investment horizon. Expected Return |
| Risk |
Worksport Market Risk Analysis
Today, many novice investors tend to focus exclusively on investment returns with little concern for Worksport's investment risk. Standard deviation is the most common way to measure market volatility of stocks, such as Worksport, and traders can use it to determine the average amount a Worksport's price has deviated from the expected return over a period of time. It is calculated by determining the expected price for the established period and then subtracting this figure from each price point. The differences are then squared, summed, and averaged to produce the variance.
Sharpe Ratio = -0.1687
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| Cash | Small Risk | Average Risk | High Risk | Huge Risk |
| Negative Returns | WKSP |
Estimated Market Risk
| 7.11 actual daily | 63 63% of assets are less volatile |
Expected Return
| -1.2 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
| -0.17 actual daily | 0 Most of other assets perform better |
Based on monthly moving average Worksport is not performing at its full potential. However, if added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of Worksport by adding Worksport to a well-diversified portfolio.
Worksport Fundamentals Growth
Worksport Stock prices reflect investors' perceptions of the future prospects and financial health of Worksport, and Worksport fundamentals are critical determinants of its market performance. Overall, investors pay close attention to revenue and earnings growth, profit margins, and debt levels. These fundamentals can have a significant impact on Worksport Stock performance.
| Return On Equity | -0.95 | ||||
| Return On Asset | -0.38 | ||||
| Profit Margin | (2.43) % | ||||
| Operating Margin | (1.25) % | ||||
| Current Valuation | 16.08 M | ||||
| Shares Outstanding | 32.94 M | ||||
| Price To Book | 0.73 X | ||||
| Price To Sales | 1.88 X | ||||
| Revenue | 1.53 M | ||||
| EBITDA | (13.2 M) | ||||
| Cash And Equivalents | 20.94 M | ||||
| Cash Per Share | 1.23 X | ||||
| Total Debt | 6.24 M | ||||
| Debt To Equity | 0.24 % | ||||
| Book Value Per Share | 0.53 X | ||||
| Cash Flow From Operations | (11.93 M) | ||||
| Earnings Per Share | (0.66) X | ||||
| Total Asset | 25.95 M | ||||
| Retained Earnings | (48.31 M) | ||||
About Worksport Performance
Assessing Worksport's fundamental ratios provides investors with valuable insights into Worksport's financial health and overall profitability. This information is crucial for making informed investment decisions. A high ROA would indicate that the Worksport is effectively leveraging its assets and equity to generate significant profits, making it an appealing investment. Conversely, low Return on Assets could signal underlying management issues in assets and equity, indicating a necessity for operational refinements. Please also refer to our technical analysis and fundamental analysis pages.
Worksport Ltd., through its subsidiary, designs, manufactures, and distributes truck tonneau covers in Canada and the United States. The company was formerly known as Franchise Holdings International, Inc. and changed its name to Worksport Ltd. in May 2020. Worksport operates under Auto Parts classification in the United States and is traded on NASDAQ Exchange. It employs 11 people.Things to note about Worksport performance evaluation
Checking the ongoing alerts about Worksport for important developments is a great way to find new opportunities for your next move. Stock alerts and notifications screener for Worksport help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.| Worksport generated a negative expected return over the last 90 days | |
| Worksport has high historical volatility and very poor performance | |
| Worksport has some characteristics of a very speculative penny stock | |
| Worksport has a very high chance of going through financial distress in the upcoming years | |
| The company reported the previous year's revenue of 1.53 M. Net Loss for the year was (14.93 M) with profit before overhead, payroll, taxes, and interest of 673.35 K. | |
| Worksport currently holds about 20.94 M in cash with (11.93 M) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 1.23, which can makes it an attractive takeover target, given it will continue generating positive cash flow. |
- Analyzing Worksport's financial statements, including its income statement, balance sheet, and cash flow statement, helps in understanding its overall financial health and growth potential.
- Getting a closer look at valuation ratios like price-to-earnings (P/E) ratio, price-to-sales (P/S) ratio, and price-to-book (P/B) ratio help in understanding whether Worksport's stock is overvalued or undervalued compared to its peers.
- Examining Worksport's industry or sector and how it is performing can give you an idea of its growth potential and how it is positioned relative to its competitors.
- Evaluating Worksport's management team can have a significant impact on its success or failure. Reviewing the track record and experience of Worksport's management team can help you assess the Company's leadership.
- Pay attention to analyst opinions and ratings of Worksport's stock. These opinions can provide insight into Worksport's potential for growth and whether the stock is currently undervalued or overvalued.
Additional Tools for Worksport Stock Analysis
When running Worksport's price analysis, check to measure Worksport's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Worksport is operating at the current time. Most of Worksport's value examination focuses on studying past and present price action to predict the probability of Worksport's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Worksport's price. Additionally, you may evaluate how the addition of Worksport to your portfolios can decrease your overall portfolio volatility.